Retail inflation fell to a four-month low of 4.87 p.c in October, primarily attributable to decrease meals costs, authorities information confirmed on Monday.
The CPI-based retail inflation price fell to a three-month low of 5.02 p.c in September.
The earlier low inflation price was 4.87 p.c in June.
The Reserve Financial institution’s Financial Coverage Committee (MPC), at its October assembly, forecast CPI inflation at 5.4 per cent for 2023-24, a median of 6.7 per cent in 2022-23.
The federal government has mandated the Reserve Financial institution of India to make sure that CPI inflation stays at 4 per cent with a margin of two per cent on each side.
The central financial institution primarily takes retail inflation into consideration whereas developing with its bi-monthly financial coverage.
First printed: November 13, 2023 | 5:49 pm he
(marks for translation) Retail inflation